Create a 3-Statement Budget Model in Excel

Learn how to build professional 3-statement budget models in Excel

Created by : Rated :4.7 92515 views

Last Updated: 2023-03-21 11:03:06 English Course Type: Self Learning

Know how to organize models in Excel
Be able to budget the business performance
Know how to model financial statements
Understand how the financial statements are linked together
Enhance your current Excel files
Format spreadsheets in a professional way
Know how to forecast sales and expenses
Understand the key assumptions that drive a budget

If you are currently working in an FP&A role, or anywhere between accounting and finance, there’s a high chance you’ll probably face the challenge of preparing a budget statement. It would be great if you are ready to tackle such a challenge with confidence and promptly.

And this is the course to prepare you for that!

You willstart with an empty Excel spreadsheet and build acomplete dynamic model for a 3-statement budget in Excel!

What you’ll get out of this course?

Create a 3-statement Budget Model in Excelcourse will guide you through the actual practical process of creating a budget model in Excel, step by step. We will define a clear structure and build a robust dynamic model, which you can reuse over and over again. I will help you understand the flow of information between different parts of a budget model. You will gain knowledge on how to forecast sales, production cost and other expenses. We will define a consistent framework of formatting our model, to make it easier to read and understand, even after time has passed.

I will show you some ways to tremendously improve the value of your budget by adding validation checks, dynamic scenarios and sensitivity analysis. We will take it to the end and prepare a summary sheet that is ready to print and share with stakeholders.

For this course, I anonymized a real set of company data so that you will see a real-life example.

After you take the Create a 3-statement Budget Model in Excel course, you will have the confidence to prepare your complex models and bring value to any budget you have to work on.

What should you know to take the course?

This course is aimed at an intermediate level of students. We will go over the main shortcuts and formulas that we use in the model, and you will have to become familiar with those, to be able to follow along. I expect you to have solid fundamental knowledge on Excel, be able to use formulas, link to cells in other sheets, know how the standard formatting tools and the ribbons work. If you are entirely new to Excel, this course will be hard to take. Please, take a look at some of the excellent introductory courses here on Learnfly, and come back after you’ve mastered the fundamentals of Excel.

To fully understand the model, you will need some basic accounting knowledge. I explain everything whenever we go into specifics. Still, I expect you to be familiar with an Income Statement, Balance Sheet, and Cash Flow Statement, have a general idea of how these are linked together. I would also expect you to understand words like Depreciation and Amortization, Interest, Cash Flows, and other similar terms.

It would still be possible to follow along and learn a lot from the course, even without basic accounting knowledge, but I would suggest you get yourself familiar with that first, and then take the Create a 3-statement Budget Model in Excel course.

Who is this course for?

I made the Create a 3-statement Budget Model in Excel course to serve as a practical guide on how to build high-quality budgets in real companies. The course is most suitable for:

Junior to Mid-Senior finance and accounting professionals, who are engaged in the budgeting process;
Business owners and entrepreneurs who want to understand how budgeting works in practice;
Managers in start-ups where no finance professionals are available;
Students in Finance and Economics majors who wish to get a head start.

I hope you are ready to upgrade yourself, learn how to build a 3-statement budget model in Excel, and propel in your career!

Are you excited to start?

Then enroll in the course, and I’ll see you in class!

Microsoft Excel 2010 or later
Comfortable with Basic Excel Functionality
Knоwledge on Fundamental Accounting Principles

Junior to Mid-Senior finance and accounting professionals, who are engaged in the budgeting process
Business owners and entrepreneurs who want to understand how budgeting works in practice
Managers in start-ups where no finance professionals are available
Students in Finance and Economics majors

Section 1 : Getting Ready 9 Lectures 00:29:27
Lecture 1 :
Introduction to the Course Preview
Lecture 2 :
About this Course
Lecture 3 :
Enable the Developer Tab in Excel
Lecture 4 :
Download Resources
Lecture 5 :
Install Magnimetrics Tools_EDITED
Lecture 6 :
What is Budgeting?
Lecture 7 :
Excel Functions Refresher
Lecture 8 :
Excel Shortcuts
Lecture 9 :
Discuss Source Files
Section 2 : Income Statement 18 Lectures 01:41:36
Lecture 1 :
Let's get started
Lecture 2 :
Create the Sales Budget
Lecture 3 :
Forecasting Performance Part 1
Lecture 4 :
Forecasting Performance Part 2
Lecture 5 :
Starting the Income Statement
Lecture 6 :
Direct Material Costs
Lecture 7 :
Production Staff Cost
Lecture 8 :
Production Overheads
Lecture 9 :
Issues with linked files
Lecture 10 :
Mapping the Expenses Budget
Lecture 11 :
Administrative Expenses
Lecture 12 :
Selling Expenses
Lecture 13 :
Expense on Spare Parts
Lecture 14 :
Depreciation Expense and PPE Schedule
Lecture 15 :
Amortization Expense and Intangibles Schedule
Lecture 16 :
Interest Expense and Investment Loan Schedule
Lecture 17 :
Interest Expense and Working Capital Loan
Lecture 18 :
Other Expenses
Section 3 : Balance Sheet 13 Lectures 00:55:20
Lecture 1 :
Starting the Balance Sheet
Lecture 2 :
PPE, Intangibles and Deferred Tax Assets
Lecture 3 :
Cash Conversion Cycle Historical Review
Lecture 4 :
Working Capital - Annualized Sales and Cost of Goods Sold
Lecture 5 :
Working Capital - Inventory
Lecture 6 :
Working Capital - Receivable
Lecture 7 :
Working Capital - Payables
Lecture 8 :
Intercompany Receivables
Lecture 9 :
Other Receivables
Lecture 10 :
Investment and Working Capital Loans
Lecture 11 :
Other Payables
Lecture 12 :
Retained Earnings & Pre-tax Profit
Lecture 13 :
Share Capital and Reserves
Section 4 : Cash Flow Statement 1 Lectures 00:12:08
Lecture 1 :
Link the Cash Flow Statement
Section 5 : Improving Our Model 2 Lectures 00:19:09
Lecture 1 :
Dynamic Validation Checks
Lecture 2 :
Bank Covenants Check
Section 6 : Optimizing Our Model 2 Lectures 00:20:27
Lecture 1 :
Optimizations in Admin and Selling Expenses
Lecture 2 :
Assumptions and Dynamic Scenarios
Section 7 : Sharing Our Model 3 Lectures 00:21:07
Lecture 1 :
Create a Print-ready Summary Statement
Lecture 2 :
Group Model Sections
Lecture 3 :
Save Without Links
Section 8 : Conclusion 2 Lectures 00:00:44
Lecture 1 :
Congratulations!
Lecture 2 :
Resources Files
Section 9 : Additional Lectures and Learning Materials 5 Lectures 01:08:04
Lecture 1 :
Running a Monte Carlo Simulation in Excel
Lecture 2 :
Mapping a Trial Balance to Create Financial Statements
Lecture 3 :
Sensitivity Analysis in Excel Models
Lecture 4 :
Pareto Analysis in Excel (80/20 Rule)
Lecture 5 :
Create a Dynamic Sales Dashboard to Visualize Data

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Dobromir Dikov FCCA, FMVA,

92515 Course Views

1 Courses

For the past ten years, I have been working in the fields of audit, management accounting, financial modeling, budgeting, and reporting. I am excited about delving deep into the specifics of various industries and identifying the best solutions for clients. The best part about my career has been the opportunity to share my knowledge and pass it on to colleagues and friends. I love creating video tutorials, doing one-on-one coaching, and organizing training sessions for businesses. In my spare time, I am into video compositing and writing. The time offline I prefer to spend hanging out with friends, hiking, skiing, or reading a nice fantasy book.